Building Details

Year Built 1922

Listing Agency: YOUR TOWN REALTY, LLC

Listed By: RONNIE GLOMB · License #790072 Show Phone

Source: Luminancerealty

Added: Jul 24 Changed: Oct 11 Last Checked: Oct 15 at 3:35AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of YOUR TOWN REALTY, LLC

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,759

Cap Rate

5.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,235,180 $1.2M

Cap Rate 7%

$882,271 $882.3K

Cap Rate 9%

$686,211 $686.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,372 SF

Gross rent

$93.1K $27.60/SF

− Vacancy

−$4.8K −$1.44/SF

EGI

$88.2K $26.16/SF

− OpEx

−$26.5K −$7.85/SF

NOI

$61.8K $18.32/SF

Area

Edison, NJ

Vacancy

5.20%

Lease Rate

$27.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,235,180

Cap Rate 7%

$882,271

Cap Rate 9%

$686,211

Alternative Uses

Best Use

Multifamily LT 5

$882.3K

$772.0K – $1.03M (±1% cap)

NOI $61,759 @ 7.0% cap · market cap 5.37%

Second Best

Apartment 5plus

$785.3K

$687.1K – $916.2K (±1% cap)

NOI $54,970 @ 7.0% cap · market cap 4.78%

Theoretical Best

Office A

$1.09M

$956.3K – $1.28M (±1% cap)

NOI $76,500 @ 7.0% cap · market cap 6.65%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Auto Parts Store Storage Facility Locksmith Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

957

Businesses Nearby

Explore this area Business Placement

Demographics for 08817, NJ

48,243

Population

17,260

Households

2.8

Avg Household Size

37

Median Age

49%

College-Educated

91%

High-School Grad

10.6 sq mi

ZIP Area

4,551

Density / Sq Mi

$109,734

Median Household Income

$54,631

Median Earnings

$1,946

Median Rent

$411,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

Where is this duplex located?

The property is located at 271 Central Ave Edison, NJ.

What is the asking price?

The asking price for this property is $1,149,999.